Overview
What is Lutheran Home Wilmington Property Inc?
Lutheran Home Wilmington Property Inc is a nonprofit organization situated in Wilmington, North Carolina, specifically at 631 Junction Creek Drive. Their primary mission is to provide a genuine home environment for their residents, ensuring comfort and security. They are affiliated with Lutheran Services for the Aging, Inc., a ministry of the North Carolina Synod of the Evangelical Lutheran Church in America. Sharing a common mission, both entities strive to work together and support all they serve, empowered by Christ.
Official website here: www.lscarolinas.net
What are the reviews and ratings of this charity?
Charity Navigator Rating: 78%, Three-Star out of Four Stars
Lutheran Home Wilmington Property Inc has earned a Three-Star rating with an overall score of 78%. This rating primarily reflects the charity's strong accountability and finance practices, as assessed in the most recent fiscal year, FY2021. The organization achieved full points in several categories, such as majority independent board members and comprehensive financial oversight, showcasing a commitment to transparency and governance.
One of the notable strengths of this nonprofit is its high program expense ratio of 99.87%, indicating that nearly all of its resources are directed toward its mission. Additionally, the charity has robust policies in place, including a conflict of interest policy and a whistleblower policy, which strengthen its ethical framework and operational integrity.
However, a significant concern arises from the liabilities to assets ratio, which stands at 121.98%. This suggests that the organization may have more liabilities than assets, potentially raising questions about its financial stability in the long term. Overall, while Lutheran Home Wilmington Property Inc demonstrates strong governance and effective use of funds, its financial health warrants careful consideration by stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Lutheran Home Wilmington Property Inc legitimate?
Lutheran Home Wilmington Property Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lutheran Home Wilmington Property Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.lscarolinas.net
What is the mission statement of Lutheran Home Wilmington Property Inc?
Lutheran Home Wilmington Property Inc's mission, inspired by its affiliation with Lutheran Services for the Aging, is centered around providing a true home for its residents. This mission is driven by the desire to offer comfort and security to its residents, embodying the spirit of 'empowered by Christ, we walk together with all we serve.' The organization's mission aligns with its affiliation's statement, reflecting a commitment to serve its community with compassion and support.
Official website here: www.lscarolinas.net
Who is the CEO of Lutheran Home Wilmington Property Inc?
Ted Goins is the Ceo/President of Lutheran Home Wilmington Property Inc. The CEO's salary of Lutheran Home Wilmington Property Inc is $0 and their total compensation is $384,553.
Official website here: www.lscarolinas.net
What is the revenue of Lutheran Home Wilmington Property Inc?
Lutheran Home Wilmington Property Inc's revenue in 2022 was $772,199.
Official website here: www.lscarolinas.net
Who are the executives of Lutheran Home Wilmington Property Inc and what are their salaries?
Here are 7 key members and their salaries (Lutheran Home Wilmington Property Inc's CEO's salary is $0 and their total compensation is $384,553):
- Compensation: $0
- Related: $372,224
- Other: $12,329
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $79,943
- Other: $6,986
- Compensation: $0
- Related: $249,074
- Other: $16,049
- Compensation: $0
- Related: $238,498
- Other: $16,056
- Compensation: $0
- Related: $128,993
- Other: $11,471
Official website here: www.lscarolinas.net
Where can I find the form 990 for Lutheran Home Wilmington Property Inc?
Lutheran Home Wilmington Property Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lscarolinas.net
Learn more at the official website: www.lscarolinas.net
Mission Statement of Lutheran Home Wilmington Property Inc
Lutheran Home Wilmington Property, guided by its affiliation with Lutheran Services for the Aging, Inc., and the North Carolina Synod of the Evangelical Lutheran Church in America, seeks to fulfill its mission by providing a true home for its residents. This mission is rooted in the belief that every individual deserves comfort and security. By embracing the motto "Empowered by Christ, we walk together with all we serve," Lutheran Home Wilmington Property strives to create an environment where residents and staff can support one another, fostering a sense of community. The organization aims to offer more than just a place to live, but a home where individuals can feel safe and secure, benefiting from a shared sense of purpose and belonging.
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Impact
October, 2024
Lutheran Home Wilmington Property Inc significantly impacts the community by providing a nurturing and secure environment for its residents. Situated at 631 Junction Creek Drive in Wilmington, NC, it emphasizes a sense of home that fosters comfort and security. This commitment enhances the quality of life for residents, ensuring they feel valued and cared for.
By aligning with the mission of Lutheran Services for the Aging, Inc., the organization embodies a holistic approach to elder care, focusing on both physical and emotional well-being. This philosophy not only supports the individual needs of residents but also promotes social connections, dignity, and respect, building a strong community among those served. The Lutheran Home's impactful presence contributes positively to the local landscape, reinforcing the interconnectedness of faith, care, and community support.
This information is meant to be a general summary of Lutheran Home Wilmington Property Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $26,472
- Program Service Revenue: $750,000
- Gross Receipts: $782,595
Assets and Liabilities:
- Total Assets: $12,682,653
- Total Liabilities: $16,044,314
- Net Assets: -$3,361,661
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$750,000
Organization Details
Founding Year
2007
Phone
(704) 637-2870Principal Officer
Ted Goins
Main Address
PO BOX 947, SALISBURY, NC, 281450947
Website
www.lscarolinas.netNTEE Category
Code: E91 - Health
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